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| American Foreign Trade Policies under Trump Administration: Ideas, Measures and Implications |
| HAO Yu-biao |
| School of Economics, Capital University of Economics & Business, Beijing, 100070 |
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Abstract Under Trump administration, considerable changes will take place in the direction of American trade policies, which may become a turning point in the development of the international trading system. President Trump advocates the idea of “fair trade” which pursues trade balance and gives priority to American interests. On one hand, Trump administration proposes more bilateral trade agreements to replace multilateral trade system and re-examine the existing?trade?agreements, on the other, it strictly implements relevant American laws related to trade, using trade remedies and “exchange rate manipulation countries” to impose pressure on the major sources of its trade deficits, and even impose unilateral sanctions in order to safeguard the domestic interest of the US. The changes in American trade policies will lead to greater challenges facing the WTO- dominated multilateral trading system and international trading system. China is a beneficiary of the WTO-dominated multilateral trading system. We need to respond cautiously and positively in face of the challenges and opportunities posed by the changes in trade policies of Trump administration.
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Received: 28 February 2017
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2017, Vol. 34 
